Clarification on service tax rate on air-conditioned or air-heated restaurants, post increase in rate of service tax

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..... Clarification on service tax rate on air-conditioned or air-heated restaurants, post increase in rate of service tax - News and Press Release Dated:- 9-6-2015 - News - At present, Service Tax is cha .....

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..... rgeable on services provided by restaurants, eating-joints or messes which have the facility of air-conditioning or central air-heating in any part of the establishment at any time during the year in .....

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..... relation to serving of food or beverages. Restaurants, eating-joints or messes which do not have the facility of air-conditioning or central air-heating in any part of the establishment are exempt fro .....

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..... m service tax. In other words, only air-conditioned or air-heated restaurants are required to pay Service Tax. In respect of such air-conditioned or air-heated restaurants which are required to pay .....

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..... Service Tax, 60% of the value is to be deducted from the total amount charged while applying the rate of Service Tax and tax is to be calculated on the balance 40%. With the increase in the rate of S .....

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..... ervice Tax to 14% (subsuming the Education Cesses) with effect from 1.6.2015, the effective rate of tax will be 5.6% of the total amount charged. Prior to 1.6.2015, when the rate of Service Tax was 12 .....

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..... .36% (including Education Cesses), the effective rate was 4.94%. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMI .....

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..... Tax .....

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